TISA response to Emergency Budget
Tony Vine-Lott, TISA Director General says:
“I am pleased to see that our representations on the proposed pension tax relief restrictions have been listened to and that the industry will now be given the opportunity to develop alternative plans to raise the £3.5bn in revenue required by the Chancellor. The acceleration of the move towards an increase in the state retirement age to 66 and the announcement that there will be consultation on the default retirement age are also sensible measures that we applaud.”
Ends
For further information, please contact:Tony Vine-Lott, Director General, TISA – Tel: 01372 374728, Mobile: 07790 006108Email: tony.vine-lott@tisa.uk.com
Issued on behalf of TISA by Cauldron Consulting, contact Steve Radford – Tel: 020 3178 7238, Mobile: 07889 903786 Email: steve.radford@cauldron-consulting.com
Notes for editors:
The Tax Incentivised Savings Association (TISA)
TISA is the premier industry funded body in the UK retail savings and investment industry. By engaging with member firms, government, political parties, regulators and consumer groups TISA’s ultimate goal is always to further consumers’ best interests. It seeks to improve the range, features and quality of savings and investment schemes available, at the same time encouraging more people to save for their long term financial security and peace of mind.
Uniquely, TISA is able to articulate the opinions of the whole savings and investments marketplace, its membership comprising over 120 firms involved in all aspects relating to the supply and distribution of financial products and services.
TISA’s remit extends across the broad spectrum of government sponsored savings and investment vehicles.